OUE Commercial REIT S$550 million CPPU issue

Overview:

• OUE Commercial REIT has undertaken a S$550 million CPPU issue.
• Another additional amount of rights, S$218 million, was also issued.
• The proceedings of the issuance were partly used for the acquisition of a 68% stake in One Raffles Place, Singapore.
• Underwriters of the deal were Citigroup Global Markets and DBS Bank.

Katrin Kostadinova - Data analyst